Construction spending during July 2024 was estimated at a seasonally adjusted annual rate of $2,162.7 billion, 0.3 percent below the upward revised June estimate of $2,169.0 billion. However, this July’s figure is 6.7 percent above the July 2023 estimate of $2,027.4 billion. During the first seven months of this year, construction spending amounted to $1,237.5 billion, a fairly robust 8.8 percent above the $1,137.4 billion for the same period in 2023.

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